How have Pinduoduo Inc. (PDD)’s performance and profitability changed over the time?

A share price of Pinduoduo Inc. [PDD] is currently trading at $87.80, up 1.69%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PDD shares have gain 18.57% over the last week, with a monthly amount glided 54.12%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Pinduoduo Inc. [NASDAQ: PDD] stock has seen the most recent analyst activity on October 27, 2022, when Barclays upgraded its rating to a Overweight and also boosted its price target to $70 from $66. Previously, HSBC Securities upgraded its rating to Buy on August 30, 2022, and kept the price target unchanged to $93. On July 11, 2022, downgrade downgraded it’s rating to Equal-Weight but maintained its price target of $70 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $55 on May 16, 2022. UBS upgraded its rating to Buy for this stock on March 23, 2022. In a note dated March 22, 2022, Nomura downgraded an Neutral rating on this stock and revised its target price from $95 to $48.

Pinduoduo Inc. experienced fluctuations in its stock price throughout the past year between $23.21 and $88.13. Currently, Wall Street analysts expect the stock to reach $710.66 within the next 12 months. Pinduoduo Inc. [NASDAQ: PDD] shares were valued at $87.80 at the most recent close of the market. An investor can expect a potential return of 709.41% based on the average PDD price forecast.

Analyzing the PDD fundamentals

During the last quarter, Pinduoduo Inc. [NASDAQ:PDD] saw sales of 5.18 billion, an improvement of 65.10%. Gross Margin for this corporation currently stands at +65.40% with Operating Margin at +7.34%, Pretax Margin comes in at +10.06%, and Net Margin reading is +8.27%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 85.05 points at the first support level, and at 82.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.21, and for the 2nd resistance point, it is at 92.62.

Pinduoduo Inc. [PDD] reported earnings per share of $1.05 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.38/share, meaning a difference of $0.67 and a surprise factor of 176.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.44 per share as compared to estimates of $0.25 per share, a difference of $0.19 representing a surprise of 76.00%.

Ratios To Look Out For

A current ratio of 2.30 is a noteworthy aspect of Pinduoduo Inc. [NASDAQ:PDD]. In addition, the Quick Ratio stands at 1.72 and the Cash Ratio stands at 1.63. Considering the valuation of this stock, the price to sales ratio is 5.72, the price to book ratio is 6.25 and the P/E (TTM) ratio is 30.88.